Sulzberger Capital Advisors Inc. Invests $121,000 in The Coca-Cola Company (NYSE:KO)

Sulzberger Capital Advisors Inc. acquired a new stake in The Coca-Cola Company (NYSE:KO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,338 shares of the company's stock, valued at approximately $121,000.

A number of other institutional investors have also recently modified their holdings of the business. Howard Capital Management Group LLC raised its holdings in Coca-Cola by 0.5% during the third quarter. Howard Capital Management Group LLC now owns 399,607 shares of the company's stock worth $28,716,000 after purchasing an additional 2,069 shares during the last quarter. Morse Asset Management Inc raised its stake in shares of Coca-Cola by 25.0% during the 3rd quarter. Morse Asset Management Inc now owns 17,500 shares of the company's stock worth $1,258,000 after buying an additional 3,500 shares during the last quarter. Bard Financial Services Inc. boosted its position in shares of Coca-Cola by 0.4% in the 3rd quarter. Bard Financial Services Inc. now owns 182,521 shares of the company's stock worth $13,116,000 after buying an additional 680 shares in the last quarter. Aldebaran Financial Inc. grew its stake in Coca-Cola by 21.4% in the 3rd quarter. Aldebaran Financial Inc. now owns 11,711 shares of the company's stock valued at $842,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Wealthquest Corp purchased a new position in Coca-Cola during the 3rd quarter valued at about $412,000. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on KO. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola from $74.00 to $78.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Wells Fargo & Company raised their price target on Coca-Cola from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Barclays restated an "overweight" rating on shares of Coca-Cola in a research report on Thursday, March 27th. Jefferies Financial Group upgraded Coca-Cola from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Finally, TD Cowen upgraded shares of Coca-Cola from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $75.59.

Coca-Cola Trading Up 0.6 %

Shares of KO traded up $0.40 during mid-day trading on Friday, reaching $71.69. The company had a trading volume of 12,626,934 shares, compared to its average volume of 15,427,278. The Coca-Cola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38. The firm has a fifty day simple moving average of $70.90 and a 200-day simple moving average of $66.59. The stock has a market cap of $308.52 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.79 and a beta of 0.45. The company has a current ratio of 1.03, a quick ratio of 0.84 and a debt-to-equity ratio of 1.61.

Coca-Cola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. The firm had revenue of $11.13 billion for the quarter, compared to analysts' expectations of $11.23 billion. Coca-Cola had a return on equity of 45.37% and a net margin of 22.59%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. On average, sell-side analysts anticipate that The Coca-Cola Company will post 2.96 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 2.85%. Coca-Cola's payout ratio is 81.60%.

Insider Buying and Selling at Coca-Cola

In other Coca-Cola news, insider Bruno Pietracci sold 19,058 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $70.56, for a total transaction of $1,344,732.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nikolaos Koumettis sold 54,708 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $70.96, for a total value of $3,882,079.68. Following the completion of the sale, the insider now owns 246,909 shares of the company's stock, valued at approximately $17,520,662.64. This trade represents a 18.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 313,423 shares of company stock valued at $22,263,071 over the last ninety days. Corporate insiders own 0.97% of the company's stock.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.